Gap happy, slap happy
Updated
All indices threw a gap, NDX now has a gap underneath and a gap above. "By law" both gaps have to close. Unlike index gaps, future gaps almost always close, and since we're at the gap, I expect both of them to close within the next couple of weeks.
Get ready for some huge whipsaw action. Not sure which one it closes first, but I would have to assume it goes up and crashes.
The alternative scenarios is that it closes the gap below overnight then goes pumptarded tomorrow. In any case, watch the gaps.
Get ready for some huge whipsaw action. Not sure which one it closes first, but I would have to assume it goes up and crashes.
The alternative scenarios is that it closes the gap below overnight then goes pumptarded tomorrow. In any case, watch the gaps.
Comment
Market looks weak, there's a good chance that it closes the gap underneath before it goes after the gap above. Like I said last night, WHIPSAW!Comment
Gap above and gap below, which way it goes nobody knows.At some point it will close both gaps, but I have no idea which one first.
Comment
Looks like my arrow might have been correct after all. Don't enter any short position until this gap closes, probably tomorrow.Comment
Would appear that it got the gap fill last night, now to fill the gap below. It has to happen because it's futures. Granted it may be 2 years from now or 2 days from now, but it will fill.Comment
Guess I can draw some pretty lines sometimes. Let's see how it pans out from here.Comment
This rally looks like a head fake, gap below is still open...Disclaimer
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